The paper "Minimum Wages in China and the USA and Equal Employment Opportunities " is a perfect example of a business assignment. Minimum wage is defined as the least amount an employer is expected to pay the employee. Also referred to as the ‘ floor pay’ , the minimum wage is set such as a way to ensure that the employers do not underpay its workers at their own benefit. The minimum wage varies from one country, state, city and city and authority to the other. The policy regulation on minimum wage is depended on the country, state, city or authority where it applies.
While some countries, states, cities or authorities may have similar minimum wage regulations there are those that may exhibit some differences. For instance, even though some differences in minimum wage regulation between the United States and China do exist, the two countries have a number of similarities. First and foremost the two countries are known to be divided either into states or provinces which operate under the federal government. Like the case of China where the minimum wage varies from one province to the other, in the United States, minimum wages vary from one state to the other.
For example in the city of Beijing, the minimum wage per month is 495 Yuan while that of Shanghai is 570 Yuan. This trend continues across major cities of China. On the other hand, in the United States, the minimum wage also varies accordingly in terms of states. For instance, even though determined in terms of hours, Washington State has the highest minimum wage at $9.04 per hour followed by Oregon at $8.40 while other states like Connecticut, Illinois, District of Columbia and Nevada have a minimum wage of $8.25 per hour.
The variation in terms of minimum wages as seen from different states in the United States and China can be attributed to a number of reasons. First and foremost, the minimum wage of the respective states and cities is determined by the cost of living therein. The purpose of adjusting the minimum wage according to states and cities is, therefore, to ensure that every work is able to access basic life irrespective of the cost of living in a particular state or city. While in other countries, the process of determining minimum wage is predetermined and takes place after a certain period like annually, after two years or even twice in a year like it’ s in the case of Greece and Netherlands, in the united states and China the case is totally different.
Other countries like Brazil, Japan and other 17 EU member countries like Bulgaria, Belgium, France, Portugal and Poland, have their minimum wage renewed annually. This is kept in place with the change in the cost of living and the overall performance of the economy.
Such countries as Ireland, Lithuania, Luxembourg and Latvia have their minimum wage reviewed regularly but in exceeding one year. Further, the frequencies of minimum wage increase can be frozen given the change in an economy and this can be done as an application of an economy indexation. In the case of the united states and china, the process of determining the minimum wage is not predetermined and can happen as many times as possible or once after a long while depending on the political goodwill to do so.
In other, words, the change or frequency in adjusting or reviewing the minimum will not necessarily depend on the performance of the economy or the change in the cost of living but the concern the fair live by the political class.
Bamber, G., Lansbury, R. & Wailes, N. (2011). International and Comparative Employment Relations: Globalisation and Change, 5th Edition. Sydney: Allen & Unwin.
Blanpain, R. (2012). International Encyclopaedia for Labour Law and Industrial Relations. N ew York: Kluwer Law International.